Sonoma Private Wealth LLC Sells 338 Shares of Box, Inc. (NYSE:BOX)

Sonoma Private Wealth LLC lowered its stake in shares of Box, Inc. (NYSE:BOX) by 3.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,799 shares of the software maker’s stock after selling 338 shares during the quarter. Sonoma Private Wealth LLC’s holdings in BOX were worth $288,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its holdings in shares of BOX by 143.1% during the 3rd quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker’s stock worth $44,000 after buying an additional 787 shares during the period. Quarry LP boosted its holdings in BOX by 324.6% during the second quarter. Quarry LP now owns 1,418 shares of the software maker’s stock valued at $37,000 after acquiring an additional 1,084 shares during the period. Toronto Dominion Bank acquired a new stake in shares of BOX in the second quarter valued at about $53,000. Nisa Investment Advisors LLC grew its position in shares of BOX by 31.7% in the second quarter. Nisa Investment Advisors LLC now owns 2,627 shares of the software maker’s stock valued at $69,000 after purchasing an additional 632 shares during the last quarter. Finally, Quest Partners LLC bought a new position in shares of BOX in the second quarter worth about $95,000. Institutional investors and hedge funds own 86.74% of the company’s stock.

BOX Trading Down 0.3 %

Shares of NYSE:BOX traded down $0.10 during trading on Friday, hitting $32.74. 93,178 shares of the company’s stock were exchanged, compared to its average volume of 2,027,322. The firm has a 50-day moving average price of $31.43 and a two-hundred day moving average price of $28.30. Box, Inc. has a 1-year low of $23.29 and a 1-year high of $33.95. The firm has a market cap of $4.73 billion, a P/E ratio of 44.99 and a beta of 0.85.

BOX (NYSE:BOX) last released its quarterly earnings data on Tuesday, August 27th. The software maker reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.04. BOX had a net margin of 13.94% and a negative return on equity of 14.41%. The business had revenue of $270.04 million for the quarter, compared to analyst estimates of $269.52 million. During the same quarter last year, the firm earned $0.01 EPS. BOX’s quarterly revenue was up 3.3% compared to the same quarter last year. As a group, research analysts predict that Box, Inc. will post 0.23 EPS for the current year.

Analyst Upgrades and Downgrades

BOX has been the subject of several recent analyst reports. Monness Crespi & Hardt upgraded BOX to a “hold” rating in a research note on Friday, August 16th. Morgan Stanley boosted their target price on shares of BOX from $30.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 5th. StockNews.com upgraded shares of BOX from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 15th. Royal Bank of Canada restated an “underperform” rating and issued a $21.00 target price on shares of BOX in a research note on Wednesday, August 28th. Finally, Citigroup upped their target price on shares of BOX from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $31.22.

Insider Activity at BOX

In other BOX news, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $27.05, for a total transaction of $351,650.00. Following the transaction, the chief financial officer now directly owns 1,513,661 shares in the company, valued at approximately $40,944,530.05. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other BOX news, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $27.05, for a total transaction of $351,650.00. Following the completion of the transaction, the chief financial officer now owns 1,513,661 shares in the company, valued at approximately $40,944,530.05. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Aaron Levie sold 10,000 shares of the business’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $32.92, for a total transaction of $329,200.00. Following the completion of the sale, the chief executive officer now directly owns 3,009,155 shares in the company, valued at approximately $99,061,382.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 56,000 shares of company stock worth $1,759,940 in the last quarter. Corporate insiders own 4.10% of the company’s stock.

BOX Company Profile

Box, Inc provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere on any device. The company's Software-as-a-Service platform enables users to work with their content as they need from secure external collaboration and sharing, workspaces and portals, e-signature processes, and content workflows improving employee productivity and accelerating business processes.